Twenty-First Century Fox’s £12.2 Billion Bridge Loan Facility to Finance Its Acquisition of Sky


Simpson Thacher is representing Twenty-First Century Fox, Inc. in connection with £12.2 billion in committed bridge facilities to finance its acquisition of Sky plc, the U.K.-based media company.

Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, Deutsche Bank AG Cayman Islands Branch and JPMorgan Chase Bank, N.A., London Branch have committed to provide the bridge facility.

Twenty-First Century Fox is a leading diversified global media and entertainment company that operates cable networks, in television and in filmed entertainment. Sky is a telecommunications company providing broadband internet services and fixed line telephone services, and is a primary player in pay-television broadcasting in the United Kingdom.

The Simpson Thacher team for the transaction includes Patrick Ryan (Picture), Sinead O’Shea, Matthew Farrell, Bassam Chain and Haley Garrett (Banking and Credit); Adam Signy and James Connor (Corporate); Joseph Kaufman (Capital Markets); Jodi Schneider (Tax); and Alisa Tschorke (Executive Compensation and Employee Benefits).

Ashurst is advising Deutsche Bank in relation to the takeover bid by 21st Century Fox for Sky plc with a team led by corporate partners Adrian Clark and Robert Ogilvy Watson, and finance partner Tim Rennie, assisted by corporate senior associate James Fletcher and finance senior associate Campbell Johnston.

Involved fees earner: Patrick Ryan – Simpson Thacher & Bartlett; Sinead O’Shea – Simpson Thacher & Bartlett; Matthew Farrell – Simpson Thacher & Bartlett; Bassam Chain – Simpson Thacher & Bartlett; Adam Signy – Simpson Thacher & Bartlett; James Connor – Simpson Thacher & Bartlett; Joseph Kaufman – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Tim Rennie – Ashurst; Campbell Johnston – Ashurst; Adrian Clark – Ashurst; Robert Ogilvy Watson – Ashurst; James Fletcher – Ashurst;

Law Firms: Simpson Thacher & Bartlett; Ashurst;

Clients: Deutsche Bank; Twenty-First Century Fox, Inc.;

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Author: Michael Patrini